Basics of Property Management: Screening Potential Tenants
3 Reasons To Buy A Townhouse Vs. A House
Jesse Obrien
If you are looking into buying a home of your own, you might have looked at a lot of single-family residences. Even though you might not have looked at any townhouses, this is an option that you might want to consider. These are a few of the many benefits of living in a townhouse.
1. Have a Pretty Yard Without All the Work
Are you someone who loves the look of attractive landscaping but who just does not have the time or inclination to spend on yardwork? If so, the big, beautiful private lawns that you might have looked at when looking at single-family homes might end up causing you more stress than joy. With a townhouse, you don't have to worry about a bunch of lawn maintenance, so you can enjoy a nice, neat yard without having to do any of the work yourself. It's a great option for anyone who is too busy to get outside or who doesn't have much of a green thumb. Plus, if you live in a cold climate and do not want to have to worry about shoveling snow, a townhouse can be a great option, too.
2. Enjoy Amenities
Many townhouse communities offer a lot of amenities for residents, such as swimming pools, fitness centers, and more. If you are looking for a home that gives a full sense of community or that is simply really convenient, you might find it in a townhouse community rather than a neighborhood that is filled with single-family homes.
3. Own a Home for Less
There are so many advantages to owning your own home, but the truth is that buying a house can be really expensive. If you are dreaming of home ownership but are having trouble finding any homes in your price range, or if you just don't want to spend any more than you have to but you want to buy a nice home for yourself, then looking into a townhouse can be a good option. This is because townhouses are generally a bit more affordable than comparable single-family homes.
As you can see, even if you have only been looking at single-family homes since you have been shopping around for a house, you might just find that a townhouse can be a far better option. If these benefits seem intriguing to you, consider looking at a few townhouses. Once you do, you might just find that it really is the most appealing option for you.
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For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.